With a long-term rental property, investors only have to deal with the task of finding tenants every once in a while. A lease agreement is signed and they can enjoy a 100% rental occupancy rate with some confidence.
Although leases are broken all the time by both tenants and landlords, that long-term agreement offers some peace of mind. With an Airbnb rental property, you will never have 100% occupancy. That’s just the nature of these investment properties.
But the Airbnb occupancy rate is predictable.
While you or your Airbnb property manager will play a role in the occupancy rate of your short-term rental property, you can actually determine what kind of Airbnb occupancy rate you can expect. And the best part is you can easily figure this out before you buy an Airbnb for sale. This will help ensure you buy the best Airbnb investment property with the highest occupancy rate.
How can you do this? Only with the best Airbnb occupancy calculator.
What’s the Best Airbnb Occupancy Calculator?
The best Airbnb occupancy calculator is one that can:
Provide Airbnb Occupancy Rate Data by Location
Airbnb occupancy rate has a lot to do with location. If a rental property is located in a neighborhood that tourists often visit throughout the year, then the Airbnb booking rate and occupancy rate will be higher. If not, your property could suffer a high vacancy rate.
And while you can try to figure this out by looking at tourist stats online, it is much easier to check out Airbnb data. This will really give you insight into whether tourists visit an area and book Airbnbs. The best Airbnb occupancy calculator then is one that helps you choose a location that will have a good vacation rental occupancy rate.
Forecast the Airbnb Occupancy Rate for a Rental Property for Sale
To reduce a lot of the risk that comes with owning an Airbnb, it’s important to have an idea of the kind of occupancy rate an investment property can generate before you buy it. A lot of Airbnb occupancy calculators available will simply let you figure out what your current occupancy rate is by entering in data you already have on booked nights, blocked nights, and vacancies.
But the best Airbnb occupancy rate calculator actually helps you to find and analyze rental properties for sale. With this real estate investment tool, you will close a deal knowing that you’ll soon be enjoying a good Airbnb occupancy rate, high rental income, and a good Airbnb return on investment.
So what’s the best Airbnb occupancy calculator that can do all of this for you? It’s Mashvisor’s calculator.
How Mashvisor’s Airbnb Occupancy Rate Calculator Works
Since 2014, Mashvisor has been collecting data on Airbnb listings. This includes calendar bookings, information on Airbnb hosts, reviews, and more. Our Airbnb data covers all the states in the US housing market and helps us to provide accurate calculations for Airbnb occupancy rates.
For each Airbnb listing in our database, we calculate the occupancy rate based on verified booked nights. Using Airbnb analytics, we are able to provide reliable calculations for every neighborhood and property for sale on the platform.
How to Use Mashvisor’s Calculator
If you’re wondering how to calculate occupancy rate, look no further than Mashvisor’s Airbnb occupancy calculator. Here’s how to use this powerful Airbnb tool to find the best neighborhood and the perfect investment property for sale.
Finding the Best Place to Invest in Airbnb
To start using Mashvisor, you should have a city in mind where you wish to buy an Airbnb investment property. This should be a location where you can rent out an entire Airbnb property without facing legal issues. If you’re not sure where to get started, we use our Airbnb calculator to generate lists of the best cities for Airbnb investment.
Once you have a city selected, visit Mashvisor, type in the name of the city, and hit “Start Analyzing.”
From there, you’ll be taken to a map of the city. If you hit “Explore Data,” you’ll see that one of the filters is Airbnb Occupancy Rate.
Selecting this filter triggers the Real Estate Heatmap which is powered by the Airbnb calculator and its data. This is a tool that, among other things, will help you instantly see the average Airbnb occupancy rate trends by neighborhood. Neighborhoods with the highest Airbnb occupancy rate will turn green. Those with the lowest Airbnb occupancy rates will be in red.
With that, you’ll be able to choose the best place to invest in Airbnb based on occupancy rate data. Of course, you will want to base your decision on more than just the Airbnb occupancy rate. That’s why the Heatmap also shows you other metrics using the same color-coding system:
- Listing Price
- Airbnb Rental Income
- Airbnb Cash on Cash Return
Set these filters one by one. This will help you easily identify a neighborhood with a high Airbnb occupancy rate as well as a high Airbnb rental income and cash on cash return. And using the Listing Price filter, you can ensure it’s within your budget.
Finding the Best Airbnb Property for Sale
The next step is to use the Airbnb occupancy calculator to find properties with a high occupancy rate. The map will show you what Airbnb properties are currently for sale in the neighborhood of your choice. It will also give you a quick Airbnb investment analysis by showing you the potential cap rate and cash on cash return.
Click on one that interests you and you’ll be taken to the Property Analysis Page which displays the Airbnb occupancy calculator.
Because of the Airbnb data that Mashvisor collects, you will immediately see a pre-calculated Airbnb occupancy rate for the investment property for sale. This saves you the trouble of gathering data and manually calculating the Airbnb occupancy rate.
And just as with the Real Estate Heatmap, the Airbnb occupancy calculator actually provides a complete investment analysis which includes:
- Comparable Airbnb Rental Income
- Adjustable Airbnb Cost Estimates
- Airbnb Cash Flow
- Airbnb Cap Rate
- An Interactive Mortgage Calculator
- Airbnb Cash on Cash Return
- A Rental Strategy Comparison (Airbnb vs Traditional)
- Real Estate Investment Payback Balance
- Airbnb Comps
That’s what really makes Mashvisor’s Airbnb occupancy rate calculator the best- it’s not just going to allow you to make decisions based on one metric like rental income or occupancy rate. Instead, it gives you the whole picture, helping you ensure success with your Airbnb rental property.
Furthermore, Mashvisor offers a unique insight into the Airbnb occupancy rate of an investment property. As a future owner of an Airbnb, you should know that guest reviews have a large impact on your Airbnb occupancy rate. The better your Airbnb reviews, the more guests you’ll host.
Mashvisor’s Airbnb occupancy rate calculator can actually show you how many positive reviews you will need to increase your occupancy rate and how much it will be impacted with each review. These Airbnb predictive analytics will help you decide whether or not it’s possible to raise the occupancy rate of a property and what it will take from you.
Already Own a Rental Property?
If you already own a rental property and are wondering what the Airbnb occupancy rate data looks like for your specific property, you can add your listing to Mashvisor. The Airbnb occupancy rate calculator will then show you all the data available for your rental property.
Get Started With Mashvisor Today
If you were wondering how to find the occupancy rate of an Airbnb before buying one, know that you don’t have to set up spreadsheets or manually use the Airbnb occupancy rate formula. The best way to calculate Airbnb occupancy rate for any neighborhood or rental property is with Mashvisor.
Start using Mashvisor now and try out the best Airbnb occupancy calculator for yourself.